Tasek Corporation Berhad announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company's revenue was MYR 133,574,000 against MYR 134,981,000 a year ago. Operating loss was MYR 6,843,000 against operating profit of MYR 570,000 a year ago. Loss before tax was MYR 4,581,000 against profit before tax of MYR 2,177,000 a year ago. Loss net of tax was MYR 4,652,000 against profit net of tax of MYR 1,486,000 a year ago. Loss net of tax attributable to equity holders of the company was MYR 4,652,000 against profit net of tax of MYR 1,486,000 a year ago. Basic and diluted loss per share attributable to equity holders of the company was 3.84 sen against earnings per share of 1.22 sen a year ago. The lower net revenue for the group was mainly due to lower sales volume recorded by the ready-mixed concrete segment and lower average net selling price for both cement and ready-mixed concrete resulting from the intense price competition in the domestic market. In addition, rising costs of production for cement segment and lower interest income further affected the performance of the Group during the current quarter.

For the six months, the company's revenue was MYR 269,903,000 against MYR 267,308,000 a year ago. Operating loss was MYR 13,219,000 against operating profit of MYR 3,105,000 a year ago. Loss before tax was MYR 8,581,000 against profit before tax of MYR 6,955,000 a year ago. Loss net of tax was MYR 9,080,000 against profit net of tax of MYR 5,046,000 a year ago. Loss net of tax attributable to equity holders of the company was MYR 9,080,000 against profit net of tax of MYR 5,046,000 a year ago. Basic and diluted loss per share attributable to equity holders of the company was 7.51 sen against earnings per share of 4.14 sen a year ago. Net cash flows used in operating activities was MYR 10,129,000 against MYR 9,539,000 a year ago. Purchase of property, plant and equipment was MYR 18,201,000 against MYR 12,698,000 a year ago. Purchase of intangible assets was MYR 135,000 against MYR 61,000 a year ago. The higher group net revenue was mainly contributed by the increase in domestic demand for cement during the first half of the year.

For the second quarter, the company reported property, plant and equipment written off of MYR 35,000 against MYR 14,000 a year ago.